Ge Long Hui A P P·2025-12-03 08:41Core Viewpoint - Guangku Technology has experienced significant revenue growth driven by data communication, with a notable increase in demand from downstream optical module manufacturers [1] Company Summary - For the first three quarters of 2025, Guangku Technology reported revenue of 998 million yuan, representing a year-on-year increase of 35.11% [1] - In Q3 alone, the company achieved revenue of 401 million yuan, marking a year-on-year growth of 26.53%, slightly exceeding expectations [1] - The acquisition of Wuhan Jabil is expected to enhance the company's positioning in the OCS market, which is projected to reach a global market size of 2 billion dollars by 2030 [1] Industry Summary - The data communication business is experiencing rapid growth due to increased demand from optical module manufacturers [1] - The trend towards OCS is clear, indicating a sustained opportunity for the company to expand its operations in this area [1] - The average industry valuation suggests a price-to-earnings ratio of 103.51x for 2026, leading to an upward revision of the target price to 177 yuan from the previous 130 yuan, while maintaining a "buy" rating [1]